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Gov. Rendell Wants to Borrow $1 Billion More
networkedblogs ^

Posted on 12/01/2010 2:04:44 PM PST by ChicagoConservative27

Gov. Rendell is pushing to issue $1 billion in new state debt before he leaves office in January. Of course, before the bonds are issued, either the Auditor General or the State Treasurer—Jack Wagner and Rob McCord, both independently elected Democrats—have to sign off on the plan.

However, both Wagner and McCord seem reluctant to approve the additional borrowing, noting the growing burden of state debt, and the largness of Gov. Rendell's request, even compared with the spending spree's of other lame-duck governors

(Excerpt) Read more at networkedblogs.com ...


TOPICS: Government; News/Current Events
KEYWORDS: pennsylvania; rendell

1 posted on 12/01/2010 2:04:47 PM PST by ChicagoConservative27
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To: ChicagoConservative27

I heard today that Dan Onorato is thinking about running for Auditor General. Wouldn’t THAT be fun?


2 posted on 12/01/2010 2:11:38 PM PST by trimom
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To: ChicagoConservative27

Talk about a poison pill....


3 posted on 12/01/2010 2:14:33 PM PST by mewzilla (Hey, Schumer, how's that Lockerbie bomber deal investigation coming along?)
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To: ChicagoConservative27

How do you expect him to take care of his friends before he leaves office?


4 posted on 12/01/2010 2:18:23 PM PST by Rational Thought
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To: Rational Thought

“How do you expect him to take care of his friends before he leaves office?’

I thought it was about taking care of himself instead. Give away a billion it isn’t too much to expect maybe 10 or 20 million in return.

After all, it’s only fair.


5 posted on 12/01/2010 3:02:26 PM PST by IrishCatholic (No local Communist or Socialist Party Chapter? Join the Democrats, it's the same thing!)
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